Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


New initiative secures funding for independent research

16 June 2014

New initiative secures long-term funding for independent research organisations

Four of New Zealand’s independent research organisations will receive a combined total of more than $27 million in funding through a new initiative that aims to ensure that research, science and technology of national significance is not lost.

The Health Research Council of New Zealand (HRC) today announced funding for the Malaghan Institute of Medical Research ($14.2 million), the Medical Research Institute of New Zealand ($6.8 million), Te Atawhai o te Ao: Independent Māori Institute for Environment and Health ($3.8 million) and Whakauae Research Services Limited ($2.8 million) as part of a new Capability in Independent Research Organisations Fund.

This initiative, which comes out of the HRC’s existing budget, provides long-term funding of up to seven years for research organisations outside of the Crown Research Institute sector. In the first instance, funding for four years is provided.

To be eligible for this fund, these independent research organisations needed to have the capacity to undertake research, science and technology, and related activities in a field that is not commonly present in other New Zealand research organisations. These activities also had to be ‘nationally significant’, meaning that if the ability to undertake these activities was lost, it would have a demonstrable and significant negative impact on the ability to grow the economy, or to achieve key environmental, societal and health outcomes for New Zealanders.

The HRC’s Board Chair, Sir Robert Stewart, KNZM, said the aim of the fund is to support nationally significant capability in independent research organisations that “has the potential to contribute to major economic, social, or environmental benefits for New Zealand; or mitigate major risks to New Zealand’s economy, environment or society”.

“This new funding initiative will give these organisations greater stability over a longer period of time, ensuring that they can continue to employ some of our best and brightest to carry out research of the highest calibre,” says Sir Robert.

The Ministry of Business, Innovation and Employment is also running its own process for investing in science capability funding in independent research organisations.

Background
In 2011, as part of decisions on Crown Research Institute Core Funding, the Government agreed that long-term funding arrangements of up to seven years will be available to research organisations outside of the Crown Research Institute sector that hold significant research capabilities supporting national outcomes in areas of government priority. The HRC has responded to this requirement through the development of the Capability in Independent Research Organisations Fund.

For more information on eligibility criteria for the Capability in Independent Research Organisations Fund, go to www.hrc.govt.nz.

2014 Independent Research Organisations Capability Fund recipients

Malaghan Institute of Medical Research
First named investigator: Professor Graham Le Gros, CNZM
$14,244,000 for the first four years

Medical Research Institute of New Zealand
First named investigator: Professor Richard Beasley
$6,804,000 for the first four years

Te Atawhai o te Ao: Independent Māori Institute for Environment and Health
First named investigator: Dr Paul Reynolds
$3,784,000 for the first four years

Whakauae Research Services Limited
First named investigator: Dr Heather Gifford
$2,800,000 for the first four years

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news